No. Russia caught up to Canada 30 years ago, but many other countries hadn't caught up until the late 90s. What you see in international hockey is similar to what you see in international basketball, except what's happening in hockey took place a little earlier than basketball, since euros entered the NHL earlier than they did the NBA.

30 years ago USA won gold and in 96 i believe, beat Canada in the world cup of Hockey or was that still called the Canada cup i forget. I'm not saying they all were better then us 30 years ago, but it slowly started 30 years ago and really they caught up fully in the mid 90's.